I concur. I would not recommend playing on Bovada. It appears the
odds are skewed after a bonus is issued or a cashout occurs. I've been playing online and live for 10+ years and cannot believe my eyes on the many suck outs I see. And its not as if they happen as you'd expect, but statistically high.
It would not be difficult for Bovada to use an algorithm that tweaks the odds against players (that are winning, earn a large bonus, or cashout a large sum) and no one would be the wiser because lets face it, nobody can see their programming logic other than them.
People say that Bovada has no reason to do so because they take a rake. Well if they keep losing players in the game (gamblers, nits, fish, donks, etc), games going, and pots bigger, then their rake and profits increase. Moreover, if Bovada uses bots (not saying they do), then they can use bots and a skewed algorithm to keep money in-house so they can earn more interest on your money in a deposit-bearing account.
I have personally have made money on Bovada but won't play there anymore due to the massive variance downswings due to absurd suck out after suck out that are statistically improbable.
If you have the means, you'd be better off playing on Stars of FullTilt.
On the flipside, Bovada does have an awesome cash out process. I've received checks in as little as 4 days after requesting them and have had no problem depositing them.